Michael Bloomberg: I’m Not Running For President Because Doing So Would Benefit Trump Or Cruz

Via the New York Times:

Michael R. Bloomberg, who for months quietly laid the groundwork to run for president as an independent, will not enter the 2016 campaign, he said Monday, citing his fear that a three-way race could lead to the election of a candidate who would imperil the security and stability of the United States: Donald J. Trump.

In a forceful condemnation of his fellow New Yorker, Mr. Bloomberg said Mr. Trump has run “the most divisive and demagogic presidential campaign I can remember, preying on people’s prejudices and fears.” He said he was alarmed by Mr. Trump’s threats to bar Muslim immigrants from entering the country and to initiate trade wars against China and Japan, and he was disturbed by Mr. Trump’s “feigning ignorance of David Duke,” the white supremacist leader whose support Mr. Trump initially refused to disavow.

More from Bloomberg’s statement:



When I look at the data, it’s clear to me that if I entered the race, I could not win. I believe I could win a number of diverse states — but not enough to win the 270 Electoral College votes necessary to win the presidency.

In a three-way race, it’s unlikely any candidate would win a majority of electoral votes, and then the power to choose the president would be taken out of the hands of the American people and thrown to Congress. The fact is, even if I were to receive the most popular votes and the most electoral votes, victory would be highly unlikely, because most members of Congress would vote for their party’s nominee. Party loyalists in Congress — not the American people or the Electoral College — would determine the next president.

As the race stands now, with Republicans in charge of both Houses, there is a good chance that my candidacy could lead to the election of Donald Trump or Senator Ted Cruz. That is not a risk I can take in good conscience.